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With the current financial crisis, many people are getting interested in online business and online marketing. We have all read the stories from people who claim to be enjoying the benefits of online marketing and working from home. Making money online can be achieved, and anyone with a computer can use the money-generating strategies available to make extra money or start a full-time business, you just have to know how it all works before you start!
Going online gives you a huge potential market to promote your products to, which will hopefully lead to a profit in the near future. You can save a lot on start-up costs over a traditional business because the expense of starting an online business is minimal compared to building an actual real world company. The best part of online marketing is that you can also make money by selling other people's products with no inventory of your own, using affiliate marketing.
Affiliate marketing is a deal between online retailers who have products to sell and affiliates who agree to endorse the retailer's products through their website. Usually a merchant supplies his affiliates with ads in the form of banners and text that will be linked to his site. These ads will then be posted on the affiliate's website and the affiliate gets paid a pre-determined commission for any sales he makes.
Joining affiliate marketing programs is hassle-free these days. All you need to do is sign an agreement with the merchant or online retailer and then start advertising their products. Signing up to affiliate programs is usually free, however, some companies will ask you to pay a membership fee because they provide supplementary services to assist you.
In some programs, you are also required to submit the URL of your site as well as its description.
This information will convince the retailers that you actually run a website that is related to their products. After filling in the necessary forms and meeting their requirements, you can select your preferred affiliate marketing program and begin selling the merchant's product online.
How do you get paid?
Generally affiliate marketing programs pay their affiliates in any of these three ways:
1.Pay-Per-Click (PPC) - The affiliate gets rewarded every time he points visitors to the merchant's site.
2.Pay-Per-Sale (PPS) - The affiliate is paid with 15% - 100% (yes 100%, and sometimes even more! This technique is often used to get a new product launched, the retailer makes money on the back-end) commission when his referral turns into an actual transaction.
3.Pay-Per-Lead (PPL) - The affiliate is compensated with a fixed fee when his referral is converted into a lead.
In addition, two-tier programs are also offered by a number of retailers as a part of their affiliate marketing plan. This program allows an affiliate to recommend other affiliates to the retailer. By engaging in this program, an affiliate will be able to add to his commission because he will not only receive payment for the traffic or sales that he brings to the merchant's site but also for the directed traffic or sales of his recommended affiliates.
You can further earn money from residual affiliate programs. This is when affiliates are paid every time their referred customer buys a product from the merchant's site, or they receive a percentage of the commission monthly on condition that the company keeps the referred customer.
Going online gives you a huge potential market to promote your products to, which will hopefully lead to a profit in the near future. You can save a lot on start-up costs over a traditional business because the expense of starting an online business is minimal compared to building an actual real world company. The best part of online marketing is that you can also make money by selling other people's products with no inventory of your own, using affiliate marketing.
Affiliate marketing is a deal between online retailers who have products to sell and affiliates who agree to endorse the retailer's products through their website. Usually a merchant supplies his affiliates with ads in the form of banners and text that will be linked to his site. These ads will then be posted on the affiliate's website and the affiliate gets paid a pre-determined commission for any sales he makes.
Joining affiliate marketing programs is hassle-free these days. All you need to do is sign an agreement with the merchant or online retailer and then start advertising their products. Signing up to affiliate programs is usually free, however, some companies will ask you to pay a membership fee because they provide supplementary services to assist you.
In some programs, you are also required to submit the URL of your site as well as its description.
This information will convince the retailers that you actually run a website that is related to their products. After filling in the necessary forms and meeting their requirements, you can select your preferred affiliate marketing program and begin selling the merchant's product online.
How do you get paid?
Generally affiliate marketing programs pay their affiliates in any of these three ways:
1.Pay-Per-Click (PPC) - The affiliate gets rewarded every time he points visitors to the merchant's site.
2.Pay-Per-Sale (PPS) - The affiliate is paid with 15% - 100% (yes 100%, and sometimes even more! This technique is often used to get a new product launched, the retailer makes money on the back-end) commission when his referral turns into an actual transaction.
3.Pay-Per-Lead (PPL) - The affiliate is compensated with a fixed fee when his referral is converted into a lead.
In addition, two-tier programs are also offered by a number of retailers as a part of their affiliate marketing plan. This program allows an affiliate to recommend other affiliates to the retailer. By engaging in this program, an affiliate will be able to add to his commission because he will not only receive payment for the traffic or sales that he brings to the merchant's site but also for the directed traffic or sales of his recommended affiliates.
You can further earn money from residual affiliate programs. This is when affiliates are paid every time their referred customer buys a product from the merchant's site, or they receive a percentage of the commission monthly on condition that the company keeps the referred customer.
John Osgood writes about and teaches people how to make money online for a minimal cost. John maintains the strict policy of building a relationship and not "HAMMERING" his subscribers with constant email offers! His 5-day e-course for anyone who wants to make money using free tools can be downloaded here: Head over to http://www.onehourdayjob.com/ to get your FREE copy now! There also many other resources for anyone looking to make money online, including Podcasts and a blog which you can check out by going to: http://www.onehourdayjob.com/blog Article Source: http://ezinearticles.com/?expert=John_Osgood |
